A divergent trend was witnessed on the bourses in what was a highly volatile trading session. The barometer index, the S&P BSE Sensex was slightly lower after trimming losses since hitting an intraday low in late trade. The S&P BSE Sensex closed at 20864.97, down 28.92 points or 0.11%, up 60.08 points from the day's low and off 78.58 points from the day's high. The market breadth, indicating the overall health of the market, was positive.
Who Moved and Why
1) Geometric jumps on strong Q2 numbers.
2) Yes Bank jumps after strong Q2 outcome.
3) Heritage Foods drops after weak Q2 results.
4) Swaraj Engines gains after strong Q2 earnings.
5) Polaris FT gains on buzz L&T Infotech may buy services unit.
6) Wockhardt drops after receiving a letter from UK regulator.
7) Ashoka Buildcon gains after receiving letters of acceptance for contracts.
8) Radico Khaitan hits 52-week high on plan to spin off IMFL biz.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/22nd_Oct_equity_closing_update.pdf
Who Moved and Why
1) Geometric jumps on strong Q2 numbers.
2) Yes Bank jumps after strong Q2 outcome.
3) Heritage Foods drops after weak Q2 results.
4) Swaraj Engines gains after strong Q2 earnings.
5) Polaris FT gains on buzz L&T Infotech may buy services unit.
6) Wockhardt drops after receiving a letter from UK regulator.
7) Ashoka Buildcon gains after receiving letters of acceptance for contracts.
8) Radico Khaitan hits 52-week high on plan to spin off IMFL biz.
Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/22nd_Oct_equity_closing_update.pdf